$BTC April 24, 2025 — Bitcoin (BTC) has surged past $93,000, fueling optimism across the crypto space as traders eye a potential breakout toward the psychological $100K mark. This sharp move follows a decisive breakout from a four-month falling wedge pattern, coupled with a strong close above the 200-day moving average—both considered bullish signals by technical analysts.

The rally comes amid growing institutional interest and a tightening supply on exchanges. Data shows that whales have resumed accumulation, and centralized exchanges are seeing declining BTC reserves—further suggesting supply-side pressure that could fuel a continued rise.

According to analysts, a clean break above $94,276 could trigger a wave of momentum buying, potentially pushing BTC into six-figure territory for the first time in history. On-chain indicators like the Relative Strength Index (RSI) are also in bullish territory, adding weight to the breakout narrative.

Meanwhile, macro factors such as inflation concerns and renewed interest in digital assets as a hedge against fiat devaluation continue to support long-term bullish sentiment.

While short-term corrections remain possible, many in the crypto community see this rally as a major step toward Bitcoin's next historic milestone: $100,000.

Stay tuned for updates as the market unfolds.